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Hayat
Hayat, 53-years old, married and mother of two children, runs a small clothing business in the village of Deir Qanoun, close to the city of Tyre, South Lebanon. In order to adapt to the financial situation of the people living in her neighborhood, she offers a large variety of clothes in different price ranges. She buys cheap clothes from Syria and sells them at affordable prices to low income households. She also buys good quality clothes from Dubai that she sells to financially better-off families. Hayat started to buy goods from Dubai after her elder son moved there.

This is the second time Fatmeh requests a loan from Al Majmoua. She is requesting a loan of $600 so her son can purchase scarves and women's underwear in Dubai and ship the goods to Lebanon.

Fatmeh is part of a group loan with other women from the same village. A group is usually constituted of self-chosen women, living in vulnerable conditions, mostly in rural areas. The group lending is based on incremental increase of loan amount and group solidarity to guarantee repayment. The strength of the group loan is that it encourages the collaboration approach in the borrowing community. It is a very powerful tool towards economic empowerment of women.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $5,900
    Average annual income
  • 91
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Hayat to purchase of scarves and women's underwear and increase the inventory of her clothing shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 22, 2007
Listed
Oct 8, 2007
Currency Exchange Loss:
N/A
Ended:
Feb 11, 2008